Raj Mehra - 30 Mar 2023 Form 4 Insider Report for SEELOS THERAPEUTICS, INC. (SEEL)

Role
President, Chief Executive Officer and Chairman of the Board of Directors, Director
Signature
/s/ Raj Mehra
Issuer symbol
SEEL
Transactions as of
30 Mar 2023
Transactions value $
$0
Form type
4
Filing time
31 Mar 2023, 17:10:38 UTC
Previous filing
31 Mar 2022
Next filing
01 Dec 2023
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SEEL Stock Option (right to buy) Award $0 +1.68M $0.00 1.68M 30 Mar 2023 Common Stock 1.68M $0.69 Direct F1
transaction SEEL Stock Option (right to buy) Award $0 +200K $0.00 200K 30 Mar 2023 Common Stock 200K $0.69 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1/4th of the shares subject to the option shall vest on March 30, 2024, and 1/48th of the shares subject to the option shall vest monthly thereafter, subject to the Reporting Person's continued service to the Issuer through such vesting date.
F2 The Reporting Person voluntarily elected to be paid 36% of his 2022 annual cash bonus in the form of an option to purchase shares of common stock of the Issuer.

Remarks:

President, Chief Executive Officer and Chairman of the Board of Directors